Author Archive

Weekly Unemployment Insurance Claims Still Generally Declining

Initial claims for unemployment insurance[1] filed in the week ended April 12 increased slightly from last week’s level to 304,000. The increase of 2,000 claims can be considered as  weekly volatility in the data. In fact, the 4-week moving...

The Down Payment Challenge and the Typical Renter

Tight credit characterizes the current housing environment. Buyers with large down payments are reported to have the bidding edge for houses. However, 60 percent of first–time buyers made a down payment of 6 percent or less as of February...

Unemployment Insurance Claims Drop to Lowest Since 2000

Initial claims for unemployment insurance[1] filed in the week ended April 5 dropped to their lowest level in years to 300,000. The last time the weekly number of claims filed hit around this level was in 2000. The Department...

Fewer First-time Buyers Obtaining Mortgages With Low Down Payment

NAR’s REALTORS® Confidence Index Survey data shows that fewer first-time buyers are obtaining mortgages with down payment of 6 percent or less [1]. In 2009, among REALTORS® who reported a sale to a first-time home buyer, 74 percent of...

REALTORS® Generally Expect Prices to Increase Modestly in the Next 12 Months

REALTORS® generally expect prices to increase over the next 12 months at a modest pace with the median expected price increase at 3.9 percent, according to the latest REALTORS® Confidence Index. Demand has slowed somewhat because of the increase...